UAE government revenue hits nearly AED 156 billion

The UAE recorded government revenues of AED 155.9 billion in the fourth quarter of 2023, according to the finance ministry's preliminary data, up 9 per cent from the same period in 2022.

Total expenditures during the three-month period between October and December 2023 amounted to AED 131.3 billion.

This included net investment in non-financial assets and current expenses, including employees’ wages, use of goods and services, consumption of fixed capital, paid interest, subsidies, grants, social benefits and other transfers.

Meanwhile, the value of net lending/net borrowing, which is an indicator of the financial impact of government activity on other sectors of the economy, amounted to AED 24.6 billion.

"The UAE government is keen to diversify its revenue sources, while also ensuring optimal use of financial resources and improved efficiency of government spending," said Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance.

Publishing the preliminary results of the UAE Government Finance Statistics Report for the fourth quarter of 2023 is in line with the open data policy followed by the UAE and based on the standards issued by the International Monetary Fund.

These statistics are an essential element in sound financial analysis and monitoring public expenditures, and play a pivotal role in setting financial programmes and monitoring economic policies.

#MOFUAE published the preliminary results of the UAE Government Finance Statistics Report for Q4 of 2023, in line with the open data policy followed by the UAE & based on the standards of the Government Finance Statistics Manual issued by the IMF.#UAE #Statistics pic.twitter.com/nDnyytagp5

— وزارة المالية | الإمارات (@MOFUAE) March 14, 2024